Lawyers Entreat Supreme Court To Hear Enron Appeal

Law360, New York (January 17, 2008, 12:00 AM EST) -- Defending their case in light of the Supreme Court's recent Stoneridge decision to bar shareholder lawsuits against third parties, lawyers for a multibillion-dollar class action against several prominent investment banks embroiled in the Enron Corp. scandal have urged the court to clarify that the suit would remain unaffected.

On Wednesday, the Supreme Court ruled in Stoneridge Investment Partners LLC v. Scientific-Atlanta Inc. that third parties, including vendors, contractors and consultants, could not be liable if their acts contributed to another party's fraud but never directly reached...